The electric vehicle market in the country is expected to grow by 28.9% on an annual basis to reach US$18.3 billion in 2024.
There is a growing demand for electric vehicles in France. The initiatives undertaken by the government have been a major factor behind the rising preference for electric vehicles. However, due to limited production capacity, the government is now scaling back some of its initiatives. The French government, for instance, has the €100 a month electric car leasing scheme.
France, in February 2024, also announced a 20% subsidy cut for high-income electric and hybrid vehicle buyers. This is part of its strategy to prevent from overrunning its budget to boost the number of electric vehicles across the nation. Amid the high growth potential of the market, Chinese manufacturers are launching their product range in France. Overall, the publisher maintains a positive growth outlook for the industry over the next three to four years.
The medium to long term growth story of the electric vehicle market in France remains strong. Electric vehicle adoption is expected to grow steadily over the forecast period, recording a CAGR of 24.2% during 2024-2028. The electric vehicle market in the country will increase from US$14.2 billion in 2023 to reach US$43.4 billion 2028.
This report provides a detailed data-centric analysis of the electric vehicle and charging infrastructure market, value and volume metrics covering market opportunities and risks across a range of industry categories. with over 75+ KPIs at the country level, this report provides a comprehensive understanding of electric vehicle market dynamics, market size and forecast, and charging infrastructure market statistics.
This report provides the overall vehicle market of the country by value and volume. Further, it breaks down electric and charging infrastructure market. Market opportunity for the electric vehicle segment has been further broken down by type of vehicle driven, car segments, class of vehicles, propulsion type, distance range and by components in France.
The electric vehicle charging infrastructure module provides market size data by number of charging stations, and number of charging points. Market opportunity is broken down by type of chargers, by location of charging points, by charging speed, by connection phase, by type of connectivity and by charger connectivity infrastructure.
The research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view of emerging business and investment market opportunities.
There is a growing demand for electric vehicles in France. The initiatives undertaken by the government have been a major factor behind the rising preference for electric vehicles. However, due to limited production capacity, the government is now scaling back some of its initiatives. The French government, for instance, has the €100 a month electric car leasing scheme.
France, in February 2024, also announced a 20% subsidy cut for high-income electric and hybrid vehicle buyers. This is part of its strategy to prevent from overrunning its budget to boost the number of electric vehicles across the nation. Amid the high growth potential of the market, Chinese manufacturers are launching their product range in France. Overall, the publisher maintains a positive growth outlook for the industry over the next three to four years.
France-European-expansion-gains-pace
French government cuts subsidy scheme for high-income buyers while halting leasing scheme amid huge demand. France, in February 2024, announced a 20% subsidy cut for high-income electric and hybrid vehicle buyers. This is part of its strategy to prevent from overrunning its budget to boost the number of electric vehicles across the nation. The subsidy has been lowered from €5,000 to €4,000 for the 50% highest income car buyers. For lower-income consumers, the subsidy has been left untouched at €7,000.- France, like many other countries, has introduced several incentives to encourage the purchase of electric vehicles. However, it aims to stay within a €1.5 billion budget for these incentives, especially as it faces challenges in meeting its overall public spending targets.
Electric vehicle charging startups are raising capital to expand European network in 2024
Amid rising demand, several new electric vehicle startups have emerged over the last few years. These startups, focused on charging infrastructure, are now raising venture capital and private equity funding to expand their European network in 2024.- Electra, the Paris-based startup, announced that the firm had raised €304 million as part of its Series B round in January 2024. The firm is planning to deploy the capital towards the expansion of its charging stations in Europe. Dutch pension fund PGGM led the Series B round, which also included participation from Bpifrance. With the Series B round, the firm had raised a total of €600 million, since its inception three years ago.
- Gireve, in June 2024, also announced that the firm had raised €20 million in a new investment round. The French firm, specializing in electric vehicle charging and decarbonization of transport, raised the funding from Partech’s Impact Fund. Gireve operates in 35 countries, linking mobility stakeholders to charging stations and simplifying the process of EV charging globally. Its platform connects more than 500,000 charging points and facilitates over 100 million charging sessions annually.
Chinese firms are expanding their European presence with the launch of electric vehicles in France in 2024
The outlook for the electric vehicle industry remains promising over the next few years in France. With demand growing, global firms are expanding their presence in the market, to accelerate growth and achieve incremental revenue.- Xpeng, one of the leading China-based electric vehicle manufacturers, announced its foray into the French market in May 2024. France, notably, is the tenth market for Xpeng in Europe. In France, the firm is marketing the G9 and the G6 premium battery-powered mid-size SUV models. The firm revealed that it will work with car distributors to set up sales channels and service networks in France, which will be followed by exports of the electric vehicles. Xpeng announced that it will launch more models in France, with a major focus on the SUV segment.
The medium to long term growth story of the electric vehicle market in France remains strong. Electric vehicle adoption is expected to grow steadily over the forecast period, recording a CAGR of 24.2% during 2024-2028. The electric vehicle market in the country will increase from US$14.2 billion in 2023 to reach US$43.4 billion 2028.
This report provides a detailed data-centric analysis of the electric vehicle and charging infrastructure market, value and volume metrics covering market opportunities and risks across a range of industry categories. with over 75+ KPIs at the country level, this report provides a comprehensive understanding of electric vehicle market dynamics, market size and forecast, and charging infrastructure market statistics.
This report provides the overall vehicle market of the country by value and volume. Further, it breaks down electric and charging infrastructure market. Market opportunity for the electric vehicle segment has been further broken down by type of vehicle driven, car segments, class of vehicles, propulsion type, distance range and by components in France.
The electric vehicle charging infrastructure module provides market size data by number of charging stations, and number of charging points. Market opportunity is broken down by type of chargers, by location of charging points, by charging speed, by connection phase, by type of connectivity and by charger connectivity infrastructure.
The research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view of emerging business and investment market opportunities.
Scope
This report provides in-depth data-centric analysis of Electric Vehicle and Charging Infrastructure Market in France through 97 tables and 119 charts. Below is a summary of key market segments:France Overall Vehicle Market Size and Future Growth Dynamics
- Market size by value
- Market size by volume
France Electric Vehicle Market Size and Forecast
- Market size by value
- Market size by volume
France Electric Vehicle Market Volume By Drive Segment
- Front Wheel Drive
- Rear Wheel Drive
- All-Wheel Drive
France Electric Vehicle Market Value and Volume By Car Segment
- Passenger Car
- Commercial Vehicle
France Electric Vehicle Market Value and Volume By Passenger Car Segment
- Small Car
- Medium Car
- Crossover Car
- Large Car
- SUV
France Electric Vehicle Market Value and Volume By Commercial Vehicle Segment
- Light Duty Vehicle (Class 1-Class 3)
- Medium Duty Vehicle (Class 4-Class 6)
- Heavy Duty Vehicle (Class 7-Class 8)
France Electric Vehicle Market Value By Vehicle Class
- Low-Priced
- Mid-Priced
- Luxury Class
France Electric Vehicle Market Value By Powertrain
- Parallel Hybrid
- Series Hybrid
- Combined Hybrid
France Electric Vehicle Market Value By Distance Range
- Up to 150 Miles
- 151-300 Miles
- Above 300 Miles
France Electric Vehicle Market Value By Charging Type
- Normal Charging
- Super Charging
France Electric Vehicle Market Value By Propulsion Type
- Plug-In Hybrid Electric Vehicles (PHEVs)
- Battery Electric Vehicles (BEVs)
- Hybrid Electric Vehicles (HEVs)
- Fuel Cell Electric Vehicles (FCEVs)
France Electric Vehicle Market Value and Volume By Vehicle Type
- Two Wheelers (e2W)
- Three-Wheeler (e3W)
- Four Wheelers (e4W)
- Electric Buses
France Electric Vehicle Market Value By Cities
- Tier 1 Cities
- Tier 2 Cities
- Tier 3 Cities
France Electric Vehicle Market Value By Components
- Battery Cells & Packs
- On-Board Charge
- Motor
- Reducer
- Power Control Unit
- Battery Management System
- Fuel Processor
- Power Conditioner
- Air Compressor
- Humidifier
France Electric Vehicle Infrastructure Market Value
France Electric Vehicle Infrastructure Market Volume
- Number of Charging Points
- Number of Charging Stations
France Electric Vehicle - Number of Charging Points By Charging Type
- Level 1 - 240 (V)
- Level 2 - 120 (V)
- Direct Current (DC)
France Electric Vehicle - Number of Charging Stations By Charging Type
- Level 1 - 240 (V)
- Level 2 - 120 (V)
- Direct Current (DC)
France Electric Vehicle - Number of Charging Points By Location
- Residential and Destination
- Streets
- Workplaces
- Flew depots
France Electric Vehicle - Number of Charging Points By Charging Speed
- Slow
- Fast
- Rapid
- Ultrarapid
France Electric Vehicle - Number of Charging Stations By Charging Speed
- Slow
- Fast
- Rapid
- Ultrarapid
France Electric Vehicle - Number of Charging Points By Vehicle
- Passenger Cars
- Buses
- Trucks
- Light Commercial Vehicles
France Electric Vehicle - Number of Charging Points By Connection Phase
- Single Phase
- Three Phase
France Electric Vehicle - Number of Charging Points By Infrastructure Type
- CSS
- CHAdeMO
- GB/T
- Other
France Electric Vehicle - Number of Charging Points By Connectivity
- Smart Charging Station
- Non-Connected Charging Station
Reasons to buy
The report provides a comprehensive overview of the France electric vehicle market and infrastructure, covering the following key aspects:- Market size by value and volume: This report provides detailed market size and forecast data for electric vehicles in France, by value and volume. This data is essential for understanding the current and future potential of the market.
- Detailed EV market opportunity: This report segments the electric vehicle market by drive segment, car segment, commercial vehicle segment, passenger car segment, commercial vehicle segment, vehicle class, powertrain, distance range, charging type, propulsion type, vehicle type, and cities. This segmentation provides a granular view of the market and helps to identify key growth areas.
- EV infrastructure: This report also provides a comprehensive overview of the France electric vehicle infrastructure market, including market size and forecast data, along with detailed market segmentation. This information is essential for businesses that are looking to invest in the France electric vehicle infrastructure market.
- Assess risks: Granular segment level information helps in identifying new business opportunities and risks in the France electric vehicle and infrastructure market.
Table of Contents
1. About this Report
2. France Overall Vehicle Market Size and Future Growth Dynamics
3. France Electric Vehicle Market Size and Forecast
4. France Electric Vehicle Market Size and Forecast by Vehicle Drive Type Segment
5. France Electric Vehicle Market Size and Forecast by Vehicle Type Segment
6. France Electric Vehicle Type Market Size and Forecast by Passenger Car Segment
7. France Electric Vehicle Type Market Size and Forecast by Commercial Vehicle Segment
8. France Electric Vehicle Market Size and Forecast by Vehicle Class Segment
9. France Electric Vehicle Market Size and Forecast by Powertrain Segment
10. France Electric Vehicle Market Size and Forecast by Distance Range Segment
11. France Electric Vehicle Market Size and Forecast by Charging Type Segment
12. France Electric Vehicle Market Size and Forecast by Propulsion Type Segment
13. France Electric Vehicle Penetration Market Size and Forecast by Segment
14. France Electric Vehicle Market Size and Forecast by City Type
15. France Electric Vehicle Market Size and Forecast by Components
16. France Electric Vehicle Infrastructure Market Size and Forecast
17. France Electric Vehicle Infrastructure - Number of charging stations by charging type, 2019-2028
18. France Electric Vehicle Infrastructure - Number of charging points by charging type, 2019-2028
19. France Electric Vehicle Infrastructure - Number of charging points by location, 2019-2028
20. France Electric Vehicle Infrastructure - Number of charging points by charging speed, 2019-2028
21. France Electric Vehicle Infrastructure - Number of charging stations by charging speed, 2019-2028
22. France Electric Vehicle Infrastructure - Number of charging points by vehicle type, 2019-2028
23. France Electric Vehicle Infrastructure - Number of charging points by connection phase, 2019-2028
24. France Electric Vehicle Infrastructure - Number of charging points by charging infrastructure type, 2019-2028
25. France Electric Vehicle Infrastructure - Number of charging points by connectivity, 2019-2028
26. Further Reading
List of Figures
List of Tables